For immediate release

TORONTO, October 31, 2018 This morning Neil Parmenter, President and CEO of the Canadian Bankers Association (CBA) and Minister of Employment, Workforce Development and Labour, the Honourable Patty Hajdu reaffirmed the strong commitment of Canada’s banks in favour of pay equity and the principle of equal pay for work of equal value.

Minister Hajdu welcomed the support of the CBA for the federal Pay Equity Act and met today with members of Canada’s banking community. The Minister and business leaders discussed how pay equity will benefit business and the economy by moving the dial forward for women in the workplace and supporting growth that benefits everyone.


“Diversity, inclusion and equality – particularly with respect to women in the work force – represent the brightest way forward for Canadian businesses and for making our country as a whole a better place. Federal pay-equity legislation is a welcome step in realizing this long-sought goal.”

Neil Parmenter, President and CEO, Canadian Bankers Association

“Proactive pay equity is not just the right thing to do, it’s the smart thing to do. The Canadian Bankers Association and its member banks have proven this in their last 35 years of experience with pay equity. The bottom line is that when people are treated fairly and are given an equal opportunity to succeed and to reach their full potential, businesses, customers and all Canadians benefit.”

The Honourable Patty Hajdu, Minister of Employment, Workforce Development and Labour

The CBA was proud to host the Minister as part of the ongoing commitment to diversity, inclusion and equality by Canada’s banking sector.

About the Canadian Bankers Association

The Canadian Bankers Association is the voice of more than 60 domestic and foreign banks that help drive Canada’s economic growth and prosperity. The CBA advocates for public policies that contribute to a sound, thriving banking system to ensure Canadians can succeed in their financial goals.

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Aaron Boles
416-362-6093 ext 350